Paymentology has announced the launch of its new global credit card processing solution, under the branding of Credit Works.
Credit.Works aims to fill a key requirement in the Fintech and financial sector’s credit card processing space which Paymentology claims have lagged behind due to a lack of innovation.
Credit.Works brings together the provision of highly flexible interest rate controls, inbuilt loyalty capability and the ability to give integrating banks full visibility on customer data at the point of spend.
CEO of Paymentology, Shane O’Hara, commented on the launch, “The Paymentology platform has established itself as the processing platform of choice for those banks looking for a rapid drive in their digitisation journey. Our Credit.Works platform now focuses on credit card providers with novel, innovative technologies. It enables banks to address global markets with a genuinely market-leading suite of benefits.”
The platform also runs reward programs with real-time customer data capture at point of spend. Paymentology has taken the initiative to bring credit card processing to the digital age and Credit.Works leverages technology to provide even more opportunities to the world’s leading banks.
‘Increasingly an issue of concern for banks is their fraud management,” adds Shane O’Hara. “Our Credit.Works product takes in our advanced fraud prevention technology recognised to be 30% more efficient than competitors’ solutions, giving banks not only the opportunity to integrate the full-service credit card platform, but to do so too with the benefit of highest quality fraud controls.”
